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Top related persons:
Sean Deviney - 4 they're - 2 Deviney - 2 Jamie Grill - 1 Craig Copeland - 1 Gen X - 1 Xers - 1 Richard Johnson - 1
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Fort Lauderdale , Florida U.S reenrollments Ukraine
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Vanguard Group - 2 Investors - 2 Social Security - 1 Research Institute - 1 Urban - 1 Center for Retirement Research - 1 Boston College - 1 Research - 1

Search resuls for: "Deviney"


4 mentions found


☆ Why millennials' retirement outlook may be worse than older generations
  + stars: | 2024-02-09 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +9 min
'Deteriorating' retirement outlookAbout 38% of early millennials (those born in the 1980s) will have "inadequate" retirement income at age 70, according to projections from a 2022 Urban Institute study. watch now"We do see the retirement outlook deteriorating for future generations," including millennials, said Richard Johnson, director of Urban's retirement policy program and co-author of the report. Millennials' student loans dent their net worthA 2021 paper by the Center for Retirement Research at Boston College had similar findings. Meanwhile, the last major Social Security overhaul, in 1983, gradually raised the program's "full retirement age" to 67 years old. That will make it easier to save for retirement, according to a Brookings Institution report.
Persons: Jamie Grill, Craig Copeland, Gen X, Xers, Richard Johnson, Johnson, aren't, Millennials, Gen Xers, CRR, X, EBRI, Anqi Chen, Copeland, millennials, they're, William Gale, Hilary Gelfond, Jason Fichtner, there's, Sean Deviney, Deviney Organizations: Social Security, Research Institute, Urban, Center for Retirement Research, Boston College, Research, Transamerica Center, Retirement Studies, Finance, IRA, Pensions, Social, Center, Budget, Brookings Institution, Vanguard Group Locations: U.S, Fort Lauderdale , Florida
☆ Are you looking to opt out of your 401(k)? Your employer may put you back in
  + stars: | 2023-12-01 | by ( Greg Iacurci | Dave Sheaff Gilreath | A Certified Financial Planner | ) www.cnbc.com   time to read: +1 min
Tom Werner | Digitalvision | Getty ImagesIf you elected not to participate in your company's 401(k) plan, your employer may have other ideas. The concept of 401(k) plan "reenrollment" has been gaining traction. Most companies, about 85%, direct workers' savings into target-date funds if they're automatically enrolled, according to PSCA data. Workers receive a notification from their employer ahead of reenrollments and have the chance to opt out or reduce their contribution. Employers' hope is that inertia will cause workers to stay in the plan rather than opt out.
Persons: Tom Werner, Digitalvision, reenrollments, Sean Deviney, they're Organizations: of America, Workers, Employers Locations: Fort Lauderdale , Florida, reenrollments
☆ Use this 401(k) investing strategy to calm your market jitters
  + stars: | 2023-06-05 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
Jackyenjoyphotography | Moment | Getty ImagesSteady contributions make investing 'more palatable'Among the primary benefits of dollar-cost averaging: It strips the emotion out of investing. For example, the fear of losing money can trigger harmful behavior like trying to time the market, akin to guessing the best time to buy and sell. People often sell out of fear when stocks decline in value, and then miss out on potential gains when stocks rebound, the regulator said. "If you're always looking at a reason not to invest, you're missing out on long-term wealth accumulation. Investing smaller sums of money in chunks makes it easier to stomach a poorly timed investment, according to Charles Schwab.
Persons: Sean Deviney, There's, Charles Schwab Organizations: Investors Locations: Fort Lauderdale , Florida, Ukraine
☆ Time is running out to repay Covid-era 401(k), IRA withdrawals — and claim a tax refund
  + stars: | 2023-06-03 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +2 min
Hundreds of thousands took distributionsData suggests hundreds of thousands of people took coronavirus-related distributions — and that few have repaid it. Nearly 6% of investors in workplace retirement plans took a CRD in 2020, according to internal administrative data from Vanguard Group. That amounts to about 268,000 people out of 4.7 million retirement investors for whom Vanguard provided administrative services that year. Amended return necessary to claim refundInvestors who repay all or part of their CRD by the three-year deadline must file an amended tax return to claim a tax refund, according to the IRS. This person would have to file an amended tax return for each year.
Persons: Sean Deviney, Deviney Organizations: Vanguard Group, Vanguard, IRS, Investors Locations: Fort Lauderdale , Florida
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